Bison89
Professor
Posts: 5370
Loc: Philadelphia
Reg: 11-14-07
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09-10-19 09:17 AM - Post#287545
In response to BisonRoadWarrior
BRW, that is very interesting and does not surprise me. I know that most of the parents that my wife and I know are very stressed out about how expensive private school tuition has become. When did $70k per year become the norm?
There is no way that many people can pay $280k for an undergraduate education, especially when medical, dental, law school, etc. is next. As such, even though we live in a middle class to upper-middle class town that values a quality education, the overwhelming majority of students seem to be going to state schools or to the private school that gives them the largest merit scholarship. Ironically, we just had a talk with my 17-year-old about this topic. He definitely does not want to graduate with any debt. So, as you can imagine, this will influence his decision making process.
Universities need to find a way to drastically cut costs or offer larger merit scholarships. Otherwise, it would not surprise me if some 2nd and 3rd tier schools end up closing or consolidating.
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